Mortgage Madness: Protest targets 'predator':
Stamford and Greenwich became the stomping grounds of a grassroots campaign against corporate greed Sunday as part of a three day homeowners' workshop sponsored by the Neighborhood Assistance Corporation of America. Between 350 and 400 people, most of them members, staff or volunteers for the Boston-based nonprofit organization, converged outside the Greenwich home of William Frey, manager of Greenwich Financial Services, at around 1 p.m.
Wearing bright yellow hats and t-shirts with pictures of sharks and the words "Stop Loan Sharks," protesters had already targeted the home of John Mack, CEO of Morgan Stanley, at 6 Club Road, Rye, N.Y. earlier in the day.
At Frey's house, 10 Glenville Road, Greenwich, they chanted slogans such as "Fix our loans, save our homes." They placed furniture on the lawn to symbolize the dislocation felt by people who have had their homes foreclosed upon and been evicted, their belongings tossed outside by state marshals.
"We did it to make them feel what it must be like for someone to have their home foreclosed upon," NACA mortgage counselor Carmen Orta said.
Called the "Predators Tour" these actions were the start of NACA's "accountability campaign," an aggressive, confrontational protest aimed at several top executives of companies that refuse to allow NACA to renegotiate the terms of loans on behalf of members, according to NACA CEO Bruce Marks.